FTC Solar Q2 2024 GAAP EPS $(0.10), Inline, Sales $11.430M Miss $13.037M Estimate
Portfolio Pulse from Benzinga Newsdesk
FTC Solar (NASDAQ:FTCI) reported Q2 2024 GAAP EPS of $(0.10), meeting analyst expectations. However, sales of $11.430 million missed the $13.037 million estimate by 12.32%, marking a 64.68% decrease from the same period last year.
August 08, 2024 | 10:35 am
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FTC Solar reported Q2 2024 GAAP EPS of $(0.10), meeting analyst expectations. However, sales of $11.430 million missed the $13.037 million estimate by 12.32%, and were down 64.68% from the same period last year.
While FTC Solar met EPS expectations, the significant miss on sales and the large year-over-year decline in revenue are likely to negatively impact the stock price in the short term.
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